We are underwater and on an interest only loan. Need ideas on how to refinance please. Our current interest rate is 6%. Our loan is not freddie, sallie or fha. We are current on our loan. We owe about 213, 000 and our home value is around 175,000. How can we possibly refinance?June 25 2012 - Titusville00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.